Smart money has recently shifted toward fast-moving consumer goods (FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high … Read more
While the subdued performance of ITC shares in the last one year may have thrown it off the watchlist of crores of retail investors on Dalal Street, the bluechip has the highest win rate on Budget days among all Sensex stocks. An analysis of how Sensex stocks have performed in the last 10 Budget days … Read more
FMCG major ITC left investors little to chew on in its March quarter results with the shares falling nearly 1% to Rs 437.85 on BSE during the day but brokerages have raised target prices going up to Rs 540. Global brokerage firm Citi, which has a buy call on ITC, raised its target price to … Read more
India’s domestic indices notched all-time closing highs on Thursday, powered by gains in financial stocks, as the central bank’s record dividend to the government kindled hopes of a reduction in the country’s fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares … Read more
NEW DELHI: Diversified entity ITC Ltd on Thursday reported a marginal decline in consolidated net profit at Rs 5,190.71 crore for the fourth quarter ended March 31, 2024 as consumption demand remained subdued. The company had logged a net profit of Rs 5,242.59 crore in the same period of the previous fiscal, ITC said in … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
FMCG major ITC’s weight will go up in the S&P BSE Sensex, resulting in likely inflows of $50 million, according to estimates by Nuvama. Today, Sensex will adjust ITC’s free float factor as a result of British American Tobacco’s (BAT) 3.5% stake sale in the company. Meanwhile, the adjustment on Nifty will be done during … Read more